Onto Innovation Inc. $ONTO Shares Sold by CW Advisors LLC

CW Advisors LLC lessened its holdings in shares of Onto Innovation Inc. (NYSE:ONTO) by 93.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 3,447 shares of the semiconductor company’s stock after selling 52,353 shares during the period. CW Advisors LLC’s holdings in Onto Innovation were worth $348,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. raised its holdings in Onto Innovation by 63.9% during the second quarter. Harbor Capital Advisors Inc. now owns 23,906 shares of the semiconductor company’s stock worth $2,413,000 after purchasing an additional 9,324 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Onto Innovation in the 2nd quarter valued at $258,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Onto Innovation in the 2nd quarter valued at $1,997,000. Verdence Capital Advisors LLC acquired a new stake in Onto Innovation during the 2nd quarter worth $2,920,000. Finally, Nicholas Company Inc. lifted its position in Onto Innovation by 31.9% in the second quarter. Nicholas Company Inc. now owns 38,816 shares of the semiconductor company’s stock valued at $3,918,000 after acquiring an additional 9,385 shares during the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Onto Innovation Stock Up 3.5%

Shares of ONTO stock opened at $168.24 on Thursday. The stock has a market capitalization of $8.25 billion, a PE ratio of 47.52, a price-to-earnings-growth ratio of 1.09 and a beta of 1.48. Onto Innovation Inc. has a 52-week low of $85.88 and a 52-week high of $228.42. The stock’s 50-day moving average price is $137.80 and its 200 day moving average price is $116.04.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Onto Innovation had a return on equity of 13.11% and a net margin of 17.46%.The company had revenue of $218.19 million during the quarter, compared to analysts’ expectations of $220.23 million. During the same period last year, the firm earned $1.34 EPS. The firm’s revenue for the quarter was down 13.5% on a year-over-year basis. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. Analysts expect that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ONTO. B. Riley lifted their target price on Onto Innovation from $173.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Stifel Nicolaus raised their price target on Onto Innovation from $110.00 to $120.00 and gave the stock a “hold” rating in a research note on Monday, October 13th. Jefferies Financial Group raised Onto Innovation from a “hold” rating to a “buy” rating and lifted their price target for the stock from $100.00 to $170.00 in a research report on Tuesday, September 23rd. Evercore ISI increased their price objective on Onto Innovation from $115.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $150.00 target price on shares of Onto Innovation in a research report on Tuesday, November 18th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $151.25.

Onto Innovation Company Profile

Onto Innovation Inc engages in the design, development, manufacture, and support of process control tools that performs optical metrology. The company offers lithography systems and process control analytical software. It also offers process and yield management solutions, and device packaging and test facilities through standalone systems for optical metrology, macro-defect inspection, packaging lithography, and transparent and opaque thin film measurements.